Information about Egypt EGYPT WITHIN REACH

Egypt’s rich history can distract attention from its thriving modern retail sector. The country’s e-commerce sector is one of the fastest-growing in the world. The number of e-commerce users is expected to reach 84 million by 2027, making it a significant market that certainly deserves your attention.

Egyptian culture is a rich blend of ancient traditions, Islamic values and modern influences. Family, hospitality, respect and religion are central to it. 

• The e-commerce sector in Egypt is one of the fastest-growing markets in the world. The global average stands at 11%, whilst the sector in Egypt is expected to achieve a compound annual growth rate (CAGR) of 14.43% between 2023 and 2027.
• Fashion and clothing, followed by electronics, are the most popular sectors within B2C e-commerce.
• The biggest challenge when importing into Egypt is that all international shipments are subject to general inspection, import duties and tax. Import duties range from 0% to 60%, depending on the classification of the goods.
• The value of the goods is determined in accordance with the methods set out in Article V11 of the World Trade Organisation’s GATT. 
• To import shipments into Egypt, an authorised customs agent must be appointed to facilitate the process between customs and the customer. DHL Express Egypt offers this service through our network of authorised agents.
• The most popular payment methods in Egypt for purchases are: cash, card, digital wallets and bank transfers.

• The countries from which Egypt imports the most are: China, Saudi Arabia, the USA and India.

  Source: dhl.com

• The Egyptian economy grew by 5.9 per cent in 2021, making it one of the fastest-growing economies in the Middle East and North Africa region.
• The e-commerce sector in Egypt is one of the fastest-growing markets in the world. The global average stands at 11%, whilst the sector in Egypt is expected to achieve a compound annual growth rate (CAGR) of 14.43% between 2023 and 2027.
• The country covers an area of 1,002,000 km². 
• Egypt’s main sources of income are a combination of tourism, revenue from the Suez Canal, oil and gas exports, and remittances from Egyptians living abroad. 

• The main tourist and regional areas are: the Red Sea coast, Luxor & Aswan and Siwa & the Bahariya Oasis. 

  Source: dhl.com